&D and productivity levels of firms. Trade agreements between countries are modelled with a network: nodes represent … agreement is represented by the complete network while the overlap of regional trade agreements is represented by the hub …-and-spoke trade system. Trade liberalization, which increases the network of trade agreements, reinforces the incentives for firms to …

a product to specific users of a social network. Discussion over a social network generates spillover effects for firms … when consumers can use the social network to inform each other about products. When a firm can exploit a social network …'s structure, it can increase its sales. However, when the network formation process is costly, firms free-ride on such costs at …

endogenous structure of collaboration is represented by a weighted network. The agents are forward-looking and capable of …

should be nowadays replaced with a network-oriented view. Closer insight into the concept of systemic risk can refer to the … have disastrous effects and cause extreme damage as the number of network nodes goes to infinity. Strongly interconnected …

We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub … firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which … allows lenders to offer different interest rates to network and stand-alone entrepreneurs. We show that a network outcome can …

connected and undirected network. Players observe their immediate neighbors' behavior only, but communicate over time the … repeated game's history truthfully throughout the network. The Folk Theorem extends to this setup, although for a range of … produces a network result; namely, the level of cooperation in this setup depends on the network's diameter, and not on its …

Imperfect private monitoring in an infinitely repeated discounted Prisoner's Dilemma played on a communication network …'s history throughout the network. The delay in receiving this information requires the players to be more patient to sustain the … same level of cooperation as in a complete network, although a Folk Theorem obtains when the players are patient enough …

small world network. This paper develops a strategic network formation model where agents have heterogeneous knowledge of … an increase in network knowledge due to, e.g., improved access to social networking tools. … the network: cognizant agents know the whole network, while ignorant ones are less knowledgeable. For a broad range of …